Areva - Reference Document 2016

06

BUSINESS OVERVIEW

6.2 AREVA’s customers and suppliers

Europe is particularly dynamic when it comes to developing renewable energies. For example, the European Union has set a goal of a 27% share of final energy consumption from renewable energies by 2030. North America is also in a growth mode in this area. Legislation passed in more than half of the US states calls for renewable energy sources to contribute 12% or more to total electricity generation by 2020. Three markets were created in recent years to trade carbon emission permits, particularly for the power sector, under a voluntary system. China, India and other emerging countries, which are setting goals for reduced carbon intensity, are potential growth markets for these energies. Both China and India have ambitious objectives for building renewable energy capacities in their respective five-year plans. In addition to low construction costs, these countries often have good access to renewable energy resources, such as biomass in Brazil and India. The New Policies Scenario of the IEA’s World Energy Outlook 2016 foresees very strong worldwide growth of electricity generation from renewable sources, for a combined total excluding hydropower of 4,925 TWh per year by 2040.

WORLD RENEWABLE ELECTRICITY GENERATION* (TWH)

TWh

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

1990

2014

2020

2025

2030

2035

2040

Current Policies

New Policies 450 ppm Policy

* Excluding hydroelectric power. Source: IEA,WEO 2016.

6.2.

AREVA’S CUSTOMERS AND SUPPLIERS

6.2.1. CUSTOMERS

REGIONAL DISTRIBUTION OF CUSTOMERS BY REVENUE

AREVA’s consolidation scope is destined to evolve substantially over the course of 2017, and the company should lose the control of its two main subsidiaries, NewCo and New NP. Nonetheless, at December 31, 2016, the group’s global data for customers should be brought back to reported revenue and to that of the operations sold, discontinued or held for sale pursuant to IFRS 5 (see Section 9.2.2. Reconciliation of main aggregates of 2016 ).

REVENUE OF THE COMBINED ENTITIES OF THE GROUP

1.6% Africa and Middle East

20.9% North and South America

44.9% France

16.9% Asia-Pacific

15.8% Europe (excluding France)

Source:AREVA.

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2016 AREVA REFERENCE DOCUMENT